Inoviq closes the gap on blood test results for ovarian cancer

IIQ ASX News Healthcare
19 Apr 2024 10:30 (AEST)

INOVIQ (ASX:IIQ) has announced encouraging blood test identification results for ovarian cancer.

On completion of its “analytical validation study”, the biotechnology company said the tests had “correctly” identified 85% of all samples tested.

This comprised 76% of cancer-positive samples compared to 94% cancer free samples.

Inoviq did not refer to previous test results for comparative purposes, but is presenting its blood test solution for cancer tests as a simple, accurate and affordable combination immonouassay.

It was developed using a CA125 monoclonal antibody used by leading diagnostic companies, combined with Inoviq’s SubB2M detection reagent.

Inoviq said: “The addition of SubB2M ensures that the test only detects CA125 that is produced by cancer cells, resulting in improved specificity for cancer and potentially a reduced number of false positive test results.”

The Melbourne headquartered company is also striving to develop tests to detect breast cancer and includes a team of 19 based researchers in the United States with 11 of those holding 8 PhDs.

Research, development and clinical testing takes place at the company’s cGMP approved production site.

Inoviq was down 3% in early trade at 62 cents.


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